What are current liabilities? (Check all that apply.) Multiple select question. Current liabilities are usually settled by paying out current assets such as cash. Current liabilities are property, plant and equipment that are tangible and depreciated. Current liabilities are reported in the order of those to be settled first. Current liabilities are obligations that are not due to be settled within one year or the operating cycle, whichever is longer. Current liabilities are obligations due to be paid within one year